BOJ lowers policy rate
Jason 2019-02-21T13:39:23-05:00February 20, 2019 Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) by 25 basis points to 1.50 per cent. This decision reflects Bank of Jamaica’s forecast that inflation, which is currently below the target of 4.0 per cent to 6.0 per cent,